Coleford Investment Management Ltd. Sells 3,825 Shares of Royal Bank Of Canada $RY

Coleford Investment Management Ltd. decreased its holdings in Royal Bank Of Canada (NYSE:RYFree Report) (TSE:RY) by 1.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 199,909 shares of the financial services provider’s stock after selling 3,825 shares during the period. Royal Bank Of Canada comprises 7.1% of Coleford Investment Management Ltd.’s holdings, making the stock its 5th biggest position. Coleford Investment Management Ltd.’s holdings in Royal Bank Of Canada were worth $29,430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RY. Canada Pension Plan Investment Board increased its position in Royal Bank Of Canada by 8.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 6,867,900 shares of the financial services provider’s stock worth $905,726,000 after purchasing an additional 521,132 shares in the last quarter. Savant Capital LLC grew its stake in shares of Royal Bank Of Canada by 37.8% during the second quarter. Savant Capital LLC now owns 11,590 shares of the financial services provider’s stock worth $1,525,000 after buying an additional 3,179 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Royal Bank Of Canada by 289.6% during the third quarter. Vontobel Holding Ltd. now owns 358,695 shares of the financial services provider’s stock worth $52,856,000 after buying an additional 266,636 shares in the last quarter. Vise Technologies Inc. bought a new position in shares of Royal Bank Of Canada in the 2nd quarter valued at $2,780,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of Royal Bank Of Canada during the 2nd quarter valued at $2,670,000. Institutional investors and hedge funds own 45.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on RY. Natl Bk Canada upgraded Royal Bank Of Canada from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. TD Cowen upgraded shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Thursday, December 4th. Jefferies Financial Group lowered shares of Royal Bank Of Canada from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research note on Friday, January 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Royal Bank Of Canada in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Royal Bank Of Canada presently has a consensus rating of “Moderate Buy” and an average target price of $162.00.

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Royal Bank Of Canada News Summary

Here are the key news stories impacting Royal Bank Of Canada this week:

Royal Bank Of Canada Stock Up 0.0%

Shares of NYSE RY opened at $169.43 on Friday. The company’s 50 day moving average price is $169.13 and its 200-day moving average price is $153.03. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. Royal Bank Of Canada has a 52-week low of $106.10 and a 52-week high of $176.19. The company has a market capitalization of $236.78 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 1.20 and a beta of 0.79.

Royal Bank Of Canada (NYSE:RYGet Free Report) (TSE:RY) last announced its earnings results on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. The business had revenue of $12.27 billion during the quarter, compared to the consensus estimate of $12.12 billion. Royal Bank Of Canada had a net margin of 14.83% and a return on equity of 16.83%. Royal Bank Of Canada’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.07 earnings per share. Equities analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Royal Bank Of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 24th. Investors of record on Monday, January 26th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, January 26th. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $1.54. Royal Bank Of Canada’s dividend payout ratio is currently 47.66%.

About Royal Bank Of Canada

(Free Report)

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.

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Institutional Ownership by Quarter for Royal Bank Of Canada (NYSE:RY)

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